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Updated almost 2 years ago on . Most recent reply

User Stats

21
Posts
6
Votes
Will Cruz
6
Votes |
21
Posts

SF with ADU

Will Cruz
Posted

I recently own a Single family built in 2020 that is 4bed 3.5 bath between Ewa Beach and Kapolei which I owe 770k and is worth 1.250M. I also went under contract on yet another Single family with ADU back Jan2023 and is now complete and ready to be moved into which I bought for 1.1M and is worth 1.250M. I currently rent out the 1st ADU for $2100 and the front of the house can be rented out for $4100 for a total of $6200. My payment is $3375 at 2.25% interest which leaves me a net profit of $2825. The new SF ADU will also be rented out for $2100 which my payment on that is $5450 at 5.25% interest and I will move to the front of it for now (When I move out i can rent the front of that one for $4100 for a total of 6200 minus the mortgage which is $750 dollars profit but Brand New. I have a duplex in VA beach which I net 1000k a month. My question is should I sell the new ADU and use funds as down payment for the new home or should I stay here another year and just save up for a down payment to use on the new home and keep both SF/ADU's? Is the $750 worth keeping?

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